The following selected financial data is derived from the consolidated financial statements. The data below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors,” and the consolidated financial statements and notes.
Financial Information (in millions, except per share data):
As of and for the Fiscal Year Ended (1)
Sept 30, 2018 (52 Wks)
Oct 1, 2017 (52 Wks)
Oct 2, 2016 (53 Wks)
Sep 27, 2015 (52 Wks)
Sep 28, 2014 (52 Wks)
Results of Operations
Net revenues:
Company-operated stores
$
19,690.3
$
17,650.7
$
16,844.1
$
15,197.3
$
12,977.9
Licensed stores
2,652.2
2,355.0
2,154.2
1,861.9
1,588.6
Other
2,377.0
2,381.1
2,317.6
2,103.5
1,881.3
Total net revenues
$
24,719.5
$
22,386.8
$
21,315.9
$
19,162.7
$
16,447.8
Operating income/(loss)
$
3,883.3
$
4,134.7
$
4,171.9
$
3,601.0
$
3,081.1
Net earnings including noncontrolling interests(2)
4,518.0
2,884.9
2,818.9
2,759.3
2,067.7
Net earnings/(loss) attributable to noncontrolling interests
(0.3
)
0.2
1.2
1.9
(0.4
)
Net earnings attributable to Starbucks(2)
4,518.3
2,884.7
2,817.7
2,757.4
2,068.1
EPS — diluted(2)
3.24
1.97
1.90
1.82
1.35
Cash dividends declared per share
1.32
1.05
0.85
0.68
0.55
Net cash provided by operating activities(3)
11,937.8
4,251.8
4,697.9
3,881.5
722.2
Capital expenditures (additions to property, plant and equipment)
1,976.4
1,519.4
1,440.3
1,303.7
1,160.9
Balance Sheet
Total assets
$
24,156.4
$
14,365.6
$
14,312.5
$
12,404.1
$
10,745.0
Long-term debt (including current portion)
9,440.1
3,932.6
3,585.2
2,335.3
2,041.3
Shareholders’ equity
1,169.5
5,450.1
5,884.0
5,818.0
5,272.0
(1)
Our fiscal year ends on the Sunday closest to September 30. The fiscal year ended on October 2, 2016 included 53 weeks, with the 53rd week falling in our fourth fiscal quarter.
(2)
Fiscal 2018 results include a gain not subject to income tax of $1.4 billion resulting from the acquisition of our East China joint venture. The impact of the gain to our diluted EPS was $0.99.
(3)
Net cash provided by operating activities for fiscal 2014 through fiscal 2017 have been adjusted for the adoption of new accounting guidance related to excess tax benefits as discussed in Note 1, Summary of Significant Accounting Policies.
Comparable Store Sales:
Fiscal Year Ended
Sep 30, 2018
Oct 1, 2017
Oct 2, 2016
Sep 27, 2015
Sep 28, 2014
Percentage change in comparable store sales(1)
Americas
Sales growth
2
%
3
%
6
%
7
%
6
%
Change in transactions
(1
)%
—
%
1
%
3
%
2
%
Change in ticket
3
%
4
%
5
%
4
%
3
%
China/Asia Pacific(2)
Sales growth
1
%
3
%
3
%
9
%
7
%
Change in transactions
(1
)%
1
%
1
%
8
%
6
%
Change in ticket
2
%
1
%
2
%
1
%
—
%
EMEA(3)
Sales growth
—
%
1
%
—
%
4
%
5
%
Change in transactions
(3
)%
(1
)%
1
%
2
%
3
%
Change in ticket
3
%
1
%
—
%
1
%
2
%
Consolidated
Sales growth
2
%
3
%
5
%
7
%
6
%
Change in transactions
(1
)%
—
%
1
%
3
%
3
%
Change in ticket
3
%
3
%
4
%
4
%
3
%
(1)
Includes only Starbucks® company-operated stores open 13 months or longer. Comparable store sales exclude the effect of fluctuations in foreign currency exchange rates. For fiscal year 2016, comparable store sales percentages were calculated excluding the 53rd week.
(2)
Beginning in December of fiscal 2016, comparable store sales include the results of the 1,009 company-operated stores acquired as part of the acquisition of Starbucks Japan in the first quarter of fiscal 2015.
(3)
Company-operated stores represent 15% of the EMEA segment store portfolio as of September 30, 2018.
Store Count Data:
As of and for the Fiscal Year Ended
Sept 30, 2018 (52 Wks)
Oct 1, 2017 (52 Wks)
Oct 2, 2016 (53 Wks)
Sep 27, 2015 (52 Wks)
Sep 28, 2014 (52 Wks)
Net stores opened/(closed) and transferred during the year:
Americas(1)
Company-operated stores
271
394
348
276
317
Licensed stores
624
558
456
336
381
China/Asia Pacific(2)
Company-operated stores
2,089
259
359
1,320
250
Licensed stores
(1,038
)
777
622
(482
)
492
EMEA(3)
Company-operated stores
(12
)
(21
)
(214
)
(80
)
(9
)
Licensed stores
358
353
494
302
180
Corporate and Other(4)
Company-operated stores
(282
)
(68
)
(17
)
6
12
Licensed stores
(25
)
2
(6
)
(1
)
(24
)
Total
1,985
2,254
2,042
1,677
1,599
Stores open at year end:
Americas(1)
Company-operated stores
9,684
9,413
9,019
8,671
8,395
Licensed stores
7,770
7,146
6,588
6,132
5,796
China/Asia Pacific(2)
Company-operated stores
5,159
3,070
2,811
2,452
1,132
Licensed stores
3,371
4,409
3,632
3,010
3,492
EMEA(3)
Company-operated stores
490
502
523
737
817
Licensed stores
2,830
2,472
2,119
1,625
1,323
Corporate and Other(4)
Company-operated stores
8
290
358
375
369
Licensed stores
12
37
35
41
42
Total
29,324
27,339
25,085
23,043
21,366
(1)
Americas store data includes the transfer of 112 company-operated retail stores in Brazil to licensed stores as a result of the sale of our Brazil retail operations in the second quarter of fiscal 2018 and the closure of 132 Target Canada licensed stores in the second quarter of fiscal 2015.
(2)
China/Asia Pacific store data has been adjusted for the transfer of certain company-operated stores to licensed stores in the fourth quarter of fiscal 2014. China/Asia Pacific store data also includes the transfer of 1,009 Japan stores from licensed stores to company-operated as a result of the acquisition of Starbucks Japan in the first quarter of fiscal 2015, the transfer of 133 Singapore stores from company-operated stores to licensed stores in the fourth quarter of fiscal 2017 and the transfer of 1,477 licensed stores in East China to company-operated retail stores as a result of the purchase of our East China joint venture in the first quarter of fiscal 2018.
(3)
EMEA store data also includes the transfer of 144 Germany company-operated retail stores to licensed stores as a result of the sale to AmRest Holdings SE in the third quarter of fiscal 2016.
(4)
As of September 30, 2018, Corporate and Other included 12 licensed Teavana-branded stores.
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